Notable companies
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Alphabet (NASDAQ:GOOG), Meta Platforms (NASDAQ:META), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), VISA (NYSE:V), Exxon Mobil Corp (NYSE:XOM), Salesforce (NYSE:CRM), Advanced Micro Devices (NASDAQ:AMD), Shopify (NYSE:SHOP).
Industry description
The investment seeks investment results that, before fees and expenses, correspond generally to the performance of the Bitwise Web3 Equities Index.
Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its net assets plus borrowings in the securities comprising the index. The index provides focused exposure to the equity securities of companies that are well-positioned to benefit from the emergence of Web3 and Web3 technologies. The fund is non-diversified.
Market Cap
The average market capitalization across the Bitwise Web3 ETF ETF is 338.02B. The market cap for tickers in the group ranges from 311.67M to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is HIVE at 311.67M.
High and low price notable news
The average weekly price growth across all stocks in the Bitwise Web3 ETF ETF was 9%. For the same ETF, the average monthly price growth was 156%, and the average quarterly price growth was 249%. CAN experienced the highest price growth at 11%, while WULF experienced the biggest fall at -15%.
Volume
The average weekly volume growth across all stocks in the Bitwise Web3 ETF ETF was -23%. For the same stocks of the ETF, the average monthly volume growth was -23% and the average quarterly volume growth was -31%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 67
P/E Growth Rating: 69
Price Growth Rating: 48
SMR Rating: 73
Profit Risk Rating: 68
Seasonality Score: 38 (-100 ... +100)